Year End Tax Planning2020 has been a year like no other. The pandemic has impacted many businesses and many individuals have lost jobs as businesses closed their doors temporarily or longer. Individual and business finances are understandably up in the air as well. Now is also the time to think about the end of the tax year and to position yourself as strong as possible for your 2020 tax return.

Now that things are clearer regarding the election, Havig Tax can better help you plan for the end of the year, whether you are a business or an individual. We offer comprehensive tax support services including tax planning which can be one of the most important steps in your tax preparation process. We can make sure that you are filing for all possible deductions and credits each year. This year, there are many new changes to tax law, including how to incorporate the rebate payment from the CARES Act into your 2020 return.

2020 Year End Tax Planning

Tax law can change from year to year so we stay current on any potential changes that can impact you in a positive or negative way. We do not assume that your tax situation is the same each year. In fact, we make it a priority to sit down with each and every one of our clients each year to learn more about their current financial situation so that we can determine if even small changes should be made to your tax returns. We get to know our clients and this personal touch helps many businesses and individuals make sound decisions regarding their annual returns. In fact, when you work with our team, you can expect communication year-round, not just at the end of the year.

Tax Planning and Consulting Services

Doing your own taxes can be very stressful, especially in a year like 2020 when there are so many new variables. We will review your deductions from past years, review your educational expenses as well as any retirement savings that can provide significant tax benefits. You do not have to dread the tax return process. Tax preparation can be the key to taking away the unnecessary stress and allow you to focus on the many other things going on in your life. Our team can take this burden off of your shoulders and help you plan for your future. For more information about our tax planning services, call us today at 763-325-4400 to schedule a free consultation.